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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Sonny McWilliams who wrote (25038)	7/7/1999 6:55:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 41369

Tuesday's Top Tech Stocks Closing Prices $ Change % Change Close Amazon (Nasdaq:AMZN) +2 13/16 +2.27% 126 7/8 America Online (NYSE:AOL) +5 11/16 +4.93% 120 15/16 Cisco (Nasdaq:CSCO) -3/8 -0.56% 66 11/16 CMGI (Nasdaq:CMGI) +3 3/16 +2.79% 117 9/16 Dell (Nasdaq:DELL) -1/8 -0.34% 37 Doubleclick (Nasdaq:DCLK) +4 3/4 +4.99% 100 Ebay (Nasdaq:EBAY) -2 7/8 -2.00% 140 3/4 Excite@Home (Nasdaq:ATHM) +2 +3.64% 56 15/16 ETRADE (Nasdaq:EGRP) +1 1/8 +2.82% 41 1/16 Inktomi (Nasdaq:INKT) +2 3/8 +1.74% 138 3/4 Intel (Nasdaq:INTC) +3/8 +0.59% 63 7/8 Microsoft (Nasdaq:MSFT) -2 7/16 -2.65% 89 9/16 Yahoo (Nasdaq:YHOO) -3 -1.68% 175 1/8 AOL took center stage on Tuesday, buoyed by deals with drkoop.com (Nasdaq:KOOP) and Autoweb.com (Nasdaq:AWEB) and from optimism over a favorable article in The New York Times over the weekend. drkoop.com, an Internet-based consumer healthcare network operator headed by former U.S. Surgeon General C. Everett Koop, announced that it had signed an agreement to provide online healthcare content across the AOL network. The agreement calls for AOL to receive payments totaling $89 million over 4 years including warrants to purchase an equity stake in drkoop.com if certain performance targets are hit. AOL continues to flex its marketing muscle with a 2-year advertising agreement with Autoweb.com, a leading consumer automotive Internet service. The deal gives Autoweb.com access to all of AOL's different networks. Dean DeBiase, the President and CEO of Autoweb.com had this to say about the deal: "This agreement not only extends our reach to the large base of AOL members, but also gives Autoweb.com broad reach in selected automotive areas across AOL brands." Also, a Sunday article by The New York Times detailing AOL's expansion plans over the next few years sparked renewed investor interest in AOL's growth potential. Some highlights from the article about AOL include: - $5 billion in revenue expected this year - Goal to double current subscriber base of 17 million over the next 5years - Develop new services to retain online viewership for an average of 3 hours per day, up from the current average daily viewership of 55 minutes. - Bring advertising revenues up to the level of subscription revenues - Further its "AOL everywhere" strategy through television, cellular telephones, and other handheld devices AOL ended the day up 5 11/16 (4.93%) to 120 15/16; drkoop.com closed up 13 1/4 (56.08%) higher to 36 7/8; Autoweb.com gained 1 31/32 (13.67%) to 16 3/8.

To: Sonny McWilliams who wrote (25038)	7/7/1999 7:00:00 AM
From: puborectalis	Read Replies (2) \| Respond to of 41369

Net analysts remain upbeat into earnings season By R. Scott Raynovich Redherring.com July 7, 1999 The numbers, the numbers. Everybody loves the numbers. As earnings season approaches, the market is entering a phase in which investors get important data about the companies in which they've invested. Many of the Internet stocks got a boost this morning when a handful of analysts issued reports saying that most of the well-known Internet companies would either meet or beat quarterly estimates, which will begin to emerge between now and the end of the month. But the market seemed somewhat apprehensive about where to go with such information. After gaining as much as 40 points in morning trading, the Nasdaq Composite suffered from a late sell-off, ending the day down a little over four points. And many of the leading Internet stocks -- such as America Online (NYSE: AOL), Amazon.com (Nasdaq: AMZN), and Yahoo (Nasdaq: YHOO) -- lost much of the gains from the morning, if not all of them. America Online, one of the strongest Internet stocks of the day, was up $5.69, closing at $120.94, a gain of 4.93 percent. America Online was given a positive review in the BancBoston Robertson Stephens and Raymond James research reports issued today, in addition to receiving favorable press in this Sunday's New York Times. Amazon.com closed at $126.88, up $2.81, or 2.27 percent, and Yahoo closed at $175.13, down $3, after reaching a high of $189.25 in the late afternoon. Of these companies, Yahoo will give the first public pronouncement of its quarterly results, which is expected to come after the market closes Wednesday. America Online is expected to report earnings on July 22 after the markets close, and Amazon.com will report on July 21 after the markets close. INTERNET BULLPEN Despite a healthy run in Internet stocks over the past several weeks -- which has become somewhat typical preceding earnings announcements -- several key Internet analysts remained upbeat in their predictions, saying that earnings and revenue growth in the Internet economy would continue to fuel the boom. Keith Benjamin of BancBoston Robertson Stephens and Phil Leigh of Raymond James released reports showing favorable signs of progress in the Internet sector. For example, Mr. Benjamin's report predicted that portal leader Yahoo would beat consensus estimates of 8 cents a share and Amazon.com would either "meet or slightly exceed" the consensus estimates of a loss of 51 cents per share. Robertson Stephens, Mr. Benjamin's firm, makes a market in Amazon but not in Yahoo. It maintained a strong buy rating on Amazon and a buy on Yahoo. Mr. Benjamin was even more sanguine about the rest of the year. "We believe there will be even more room to beat estimates in the September and December quarters," Mr. Benjamin said of leading Internet stocks in general. He attributed such optimism to continued evidence of growth in online use and an acceleration of Internet commerce. America Online received accolades from both the Robertson Stephens and Raymond James reports. Both reports predict that America Online would beat consensus estimates for the quarter, which are in the 11-cents-per-share range. Mr. Benjamin's report suggested that while AOL's international growth has slowed, the company could add another 750,000 subscribers domestically. Mr Leigh, of Raymond James, also downplayed the ill effects of the European free-ISP craze on AOL, maintaining a buy rating on the stock. Neither firm makes a market in the stock. In addition to enjoying gains itself, AOL boosted the fortunes of Drkoop.com (Nasdaq: KOOP) by announcing a marketing pact with the company. Drkoop.com closed at $36.88, up $13.25 (56.08 percent) on the day. CNET'S SIESTA In one stock, at least, there seemed to be a missing link between the analysts and the stock-buying public. CNet (Nasdaq: CNET) lost 50 cents a share to close at $49.31, continuing a decline following the company's announcement that it would spend $100 million on an advertising campaign. CNet stock has lost 15 percent of its value since last Wednesday. The advertising expenditures are expected to negatively affect earnings over the next few quarters. Mr. Benjamin, keeping in step with the generally rosy tone of his Internet report, stayed positive on CNet, even though it was one of the few stocks that won't meet expectations. "We recently readjusted our model to reflect CNet's launch of a new $100-million ad campaign, which we believe will help extend its brand and increase its market share over the long-term; however [it] may stall the stock over the short-term," said Mr. Benjamin. Robertson Stephens does make a market in CNet. But these days, it's hard to find any analysts who do not issue research reports on Internet stocks in which they make a market. But that's another story.